Service tax on real estate developers
This query is : Open
13 July 2012
if a developers developing a project having less than 12 units.
Is the receipts of the project liable to pay service tax after the notifications of 01/07/2012.
Is the receipts of the project liable to pay service tax after the notifications of 01/07/2012.
13 July 2012
Negative list:
14. Services by way of construction, erection, commissioning, or installation of original works pertaining to,-
(a) ....
(b) a single residential unit otherwise than as a part of a residential complex
Under new notification in the negative list, more than one residential unit is coming under taxable service.
Negative list:
14. Services by way of construction, erection, commissioning, or installation of original works pertaining to,-
(a) ....
(b) a single residential unit otherwise than as a part of a residential complex
Under new notification in the negative list, more than one residential unit is coming under taxable service.
14 July 2012
In my project is liable to service tax and you are governed by the Rule 5 of Point of taxation Rules i.e. no tax shall be payable
(a) to the extent the invoice has been issued and the payment received against such invoice before such service became taxable;
(b) if the payment has been received before the service becomes taxable and invoice has been issued within fourteen days of the date when the service is taxed for the first time
New circular No. 162 on POT is also clarifying same position.
(a) to the extent the invoice has been issued and the payment received against such invoice before such service became taxable;
(b) if the payment has been received before the service becomes taxable and invoice has been issued within fourteen days of the date when the service is taxed for the first time
New circular No. 162 on POT is also clarifying same position.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Is online PGCE worth it?
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
